Printer Friendly
The Free Library
19,585,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Advectis adds four new customers.


Atlanta-based Advectis Inc. announced that four companies have selected its BlitzDocs[R] Collaboration Suite for electronic document submission, image-based underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
 and electronic loan delivery.

The four companies are Capstone Direct Inc., Thousand Oaks, California Thousand Oaks, commonly referred to as "T.O." by residents, is a city in southeastern Ventura County, California, in the United States. It was named after the many oak trees that grace the area, and the city seal is adorned with an oak. ; Sterling National Mortgage Co. Inc., New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
; United Mortgage Corporation, Miami; and Washington Financial, Seattle, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Greg Smith Greg Smith may refer to:
  • Gregory Smith (born 1983), actor
  • Gregory R. Smith (born 1989), child prodigy and rights advocate
  • Greg Lloyd Smith (born 1962), internet entrepreneur
, Advectis president and chief executive officer.

"Having these companies select BlitzDocs is a true testament to the benefits that an ever-growing collaborative document network can provide a company," said Smith. "We are excited to know that these four new customers will use BlitzDocs to streamline processes and provide better service to their customers."

Capstone Direct, a full-service direct mortgage lender, selected BlitzDocs to support its customer-service initiatives and plans to integrate the solution with its LOS.

Sterling National is using BlitzDocs' investor delivery capabilities to streamline processes, speed up funding and reduce funding stipulations, said Smith.

United Mortgage, a licensed mortgage lender, chose BlitzDocs to enable centralized cen·tral·ize  
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es

v.tr.
1. To draw into or toward a center; consolidate.

2.
 paperless processing and underwriting, as well as provide strong investor delivery capabilities.

Washington Financial--a retail operation that needed a multi-use solution that provided anytime, simultaneous access to an electronic loan folder--chose BlitzDocs to enable paperless processing and underwriting for its net branch participants. Washington Financial will also use BlitzDocs for electronic loan delivery to the secondary market, said Smith.

"These clients represent various aspects of the mortgage industry, and their selection of BlitzDocs shows the application's ability to improve a company's business strategy by creating an environment of efficiency," Smith added.
COPYRIGHT 2007 Mortgage Bankers Association of America
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:TechNewz; contracts with Capstone Direct Inc., Sterling National Mortgage Co. Inc., and United Mortgage Corporation
Comment:Advectis adds four new customers.(TechNewz)(contracts with Capstone Direct Inc., Sterling National Mortgage Co.
Publication:Mortgage Banking
Article Type:Brief article
Date:Jul 1, 2007
Words:251
Previous Article:Ellie Mae releases Dynamic Loan Screening.
Next Article:Commercial real estate props up economy.
Topics:



Related Articles
Triad Guaranty Insurance joins BlitzDocs Certified Underwriting Provider Program.
Advectis introduces BlitzDocs Collaboration Suite.
Securing mortgage documents in an online world--from origination to funding.
M & A activity in 2005.
Mortgage document network expansion fuels Advectis growth.
Hanover Capital Partners joins BlitzDocs Collaboration Suite.
Executive support growing for paperless mortgage processing.
Got collaboration? Electronic document networks hold great promise for the mortgage industry. For a few early adopters, they are delivering faster...
Selling mortgage paper without the paper: electronic delivery is changing the way lenders interact with the secondary market.
Wells Fargo to use BlitzDocs Connector.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles